Alcatel Lucent Sees More Losses, Cuts Dividend

Updated from 7:09 a.m. EST

Alcatel Lucent (ALU Quote), plagued by uncertainty and continued weak sales in wireless gear, disappointed investors yet again.

The Paris telecom-equipment maker posted an adjusted quarterly loss of $73 million, or 3 cents a share. While that was an improvement over the 36-cent pro forma loss in the year-ago quarter, it was well below the profit of 15 cents analysts surveyed by Thomson Financial were expecting.

For the fourth quarter, sales were up 18% from a year ago to $7.6 billion, but for the full year, the top line of $25.7 billion was a 2% decrease from 2006 levels. Analysts expected $7.3 billion in sales for the fourth quarter and $24.8 billion for the full year. ...